Rajnandini Metal Limited has secured shareholder approval for the re-appointment of two Independent Directors and the appointment of a new Chairman and Managing Director through a remote e-voting process. The resolutions were passed with a requisite majority on July 16, 2026, following the postal ballot conducted in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The remote e-voting period commenced at 09.00 a.m. (IST) on Wednesday, June 17, 2026, and concluded at 05.00 p.m. (IST) on Thursday, July 16, 2026. The company engaged National Securities Depository Limited (NSDL) to facilitate the e-voting, with members holding shares on the cut-off date of June 12, 2026, entitled to vote.

Voting Results

The three special resolutions put to vote concerned the re-appointment of Mr. Sanjeev Chhaudha and Mr. Arun Sharma as Independent Directors, and the appointment of Mr. Ashok Kalra as Chairman and Managing Director. The scrutinizer's report confirmed that all resolutions received the necessary approval.

Resolution 1: Re-appointment of Mr. Sanjeev Chhaudha

Mr. Sanjeev Chhaudha (DIN: 08932721) has been re-appointed as an Independent Director for a second term of five years with effect from November 06, 2025, to November 05, 2030.

Resolution 2: Re-appointment of Mr. Arun Sharma

Mr. Arun Sharma (DIN: 09107533) has been re-appointed as an Independent Director for a second term of five years with effect from March 16, 2026, to March 15, 2031.

Resolution 3: Appointment of Mr. Ashok Kalra

Mr. Ashok Kalra (DIN-09024019) has been appointed as Chairman and Managing Director of the Company for a period of three years with effect from February 27, 2026, to February 26, 2029.

The scrutinizer, Abhishek Jain of Abhishek J & Co., Company Secretaries, verified the voting process. The detailed report has been submitted to the National Stock Exchange of India Limited and is available on the company's website.

Rajnandini Metal Limited reported a net loss of ₹217 lakh for the financial year ended March 31, 2025, a significant decline from the net profit of ₹1,524 lakh recorded in the previous year. The company's revenue from operations decreased to ₹1,03,358 lakh in FY25 from ₹1,21,243 lakh in FY24. For the quarter ended March 31, 2025, the company posted a net profit of ₹38 lakh on revenue of ₹20,853 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2025, at a meeting held on May 29, 2025. The results were reviewed by the Audit Committee and the statutory auditors. Rajnandini Metal stated that it operates only one reportable primary business segment, the manufacturing and supplying of copper wires, and therefore segment disclosures are not applicable.

Statutory auditors KAPG & Associates issued a qualified opinion on the financial results. The qualification arises from a demand raised by the GST Authorities aggregating to ₹290.70 crore, including interest and penalty, alleging the claiming of ineligible input tax credit. Additionally, Income Tax Authorities raised a demand of ₹16.98 crore. The management is contesting these demands and has filed rectification and appeal applications. No provision has been made for these liabilities as the management believes they will not crystallize.

The total comprehensive income for the year stood at a loss of ₹215 lakh. Basic and Diluted Earnings Per Share (EPS) for the year were reported at a loss of ₹0.08, compared to ₹0.55 in the previous year. The company's total assets as of March 31, 2025, stood at ₹14,789 lakh, while total liabilities were ₹9,152 lakh.

The statement of cash flows showed a net decrease in cash and cash equivalents of ₹3 lakh during the year. Cash generated from operations was ₹6,482 lakh, while the company utilized ₹6,745 lakh in financing activities, primarily due to the repayment of borrowings.